Clou Electronics

What Clou Electronics does

Clou Electronics Technology Co., Ltd. (深圳市科陆电子科技股份有限公司, SZSE: 002121) is a Shenzhen-headquartered, publicly listed Chinese energy technology company founded in 1996 and operating as a controlled subsidiary of Midea Group (美的集团) since 2023. The company's two operating pillars are smart grid products (smart electricity meters for State Grid, Southern Grid and Inner Mongolia grids, power consumption information collection systems, and intelligent power distribution equipment including circuit breakers and measurement switches) and electrochemical energy storage systems built around the Aqua liquid-cooled product platform, which spans large-scale ground storage (Aqua-C2.5H, Aqua-C2.5S, Aqua-C3.0H), commercial-industrial variants (Aqua-E family, Aqua-EX, Aqua-MX, Aqua-X) and supporting medium-voltage (NEPCSO), string PCS combiner (CLMG-1125), BMS and EMS software components.

The company is one of the earliest entrants into China's energy storage market and ranks among the few domestic system integrators with operational deployments in Europe and the Americas. It holds the BloombergNEF Tier 1 energy storage manufacturer designation awarded in 2024, has operated AGC frequency regulation projects commercially since 2017 (with the Haifeng combined thermal-storage project exceeding 9,000 stable operating cycles), and reports an overseas deployed base of 700MW/2GWh supported by wholly-owned subsidiaries Clou Energy Storage, Clou Global, Clou Smart Industry and Clou New Energy, plus regional channel partners in North America, South America, Europe, Japan and Southeast Asia.

Clou earns revenue primarily through hardware sales of energy storage systems and smart grid equipment under multi-year, custom-priced enterprise contracts with utilities, grid operators and large-scale storage project developers, supplemented by after-sales and lifecycle O&M services. Pricing is quote-based and not publicly disclosed. Customer concentration is high, anchored by State Grid and China Southern Power Grid in China and a thin layer of large international project developers in Japan, the United States, Latin America and Belt and Road markets. Distribution combines direct enterprise sales, international subsidiaries and regional partner networks.

Name

Clou Electronics

Legal name

深圳市科陆电子科技股份有限公司

Website

https://szclou.com

Company type

Public

Founded year

1996

Operating status

Operating

Headcount range

11–50 employees

Short description

Clou Electronics is a Shenzhen-based, Midea-controlled Chinese energy technology company (SZSE: 002121) that designs and manufactures electrochemical energy storage systems and smart grid equipment for State Grid, Southern Grid and international utility and project developer customers.

Ownership category

akta.pro rank

Headquarters

HQ city

Shenzhen

HQ country

China

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Technology or R&D, Personnel, Operations, Marketing or Sales

Revenue model

1. Energy Storage Systems and Equipment: Sale of electrochemical energy storage products including container storage systems, commercial/industrial storage units, PCS, BMS, and EMS. Primary revenue stream from large-scale ground storage and grid-side projects.
2. Smart Grid Products: Smart meters,用电信息采集 systems, intelligent power distribution equipment for state grid (国网) and southern grid (南网) customers in China, Belt and Road markets.
3. Comprehensive Energy Solutions: Integrated energy solutions including virtual power plants, electricity trading, industrial and commercial energy management, and comprehensive industrial park solutions.
4. After-Sales and Maintenance Services: Full lifecycle operation and maintenance services including international after-sales support with 55 engineers at headquarters and 5+ in Americas. Overseas operational capacity of 700MW/2GWh deployed.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Clou Electronics designs, manufactures, and sells electrochemical energy storage systems (the Aqua liquid-cooled product family for large-scale ground storage and commercial/industrial applications) and smart grid equipment (smart electricity meters, power consumption information collection systems, intelligent power distribution products). The company also delivers comprehensive energy solutions including virtual power plants, electricity trading, and integrated energy management for industrial and commercial users. Customers include China's State Grid and Southern Grid utilities, independent energy storage project developers in China, Japan, the United States, and Europe, plus industrial and commercial energy users worldwide.

Product overview

Clou Electronics operates as a platform-plus-products architecture serving the smart grid and new electrochemical energy storage markets. The company's product portfolio consists of two core divisions: (1) Energy Storage Solutions featuring the Aqua liquid-cooled series products including large-scale ground storage systems (Aqua-C2.5H, Aqua-C2.5S, Aqua-C3.0H), commercial and industrial storage systems (Aqua-E family, Aqua-EX, Aqua-MX, Aqua-X), and supporting software platforms (EMS for energy management, BMS for battery management); and (2) Smart Grid Solutions encompassing smart electricity meters for State Grid, Southern Grid, and Inner Mongolia regions, power consumption information collection systems, and intelligent power distribution equipment including smart circuit breakers and measurement devices. The company also offers medium voltage products (NEPCSO) and accessories such as combiner cabinets (CLMG-1125).

Differentiator

Problem solved

Functional benefit

Brands

• Aqua Series: Liquid-cooled energy storage product line including Aqua-C2.5H, Aqua-C2.5S, Aqua-C3.0H, Aqua-E, and Aqua-X models for utility-scale and commercial-industrial storage applications.
• NEPCS

Products and services

• Aqua-C2.5H Large-scale ground energy storage system with liquid cooling technology, part of the Aqua series product line for grid-scale storage applications. Designed for utility-scale and grid-side storage deployments.
• Aqua-C2.5S Liquid-cooled energy storage system variant for large-scale ground storage deployments. Includes the 10ft container Aqua-C2.5Smini variant used as the first AC/DC integrated grid-side storage project in Japan.
• Aqua-C3.0H High-capacity liquid-cooled energy storage system for large-scale ground storage applications, part of the Aqua series product line.
• Aqua-E Series (E / EM / ME / Pro) Liquid-cooled commercial and industrial energy storage product family for industrial and commercial applications. Includes E, EM, ME, and Pro variants with multiple capacity configurations covering 261-125-2h, 522-250-2h, and 522-125-4h.
• Aqua-X Series (X / EX / MX) Commercial energy storage product family within the Aqua series product line, including X, EX, and MX variants for industrial and commercial applications with extended configuration options.
• CLMG-1125 String-Type Liquid-Cooled PCS Combiner Cabinet String-type liquid-cooled Power Conversion System (PCS) combiner cabinet for energy storage systems, sold as a supporting product within Clou's storage hardware portfolio.
• NEPCSO Medium Voltage Product Medium voltage product (MV cabin) for medium voltage energy storage integration, available in 2500-MV GB and 5000-MV GB configurations.
• EMS (Energy Management System) Energy Management System software for monitoring, controlling, and optimizing energy storage operations across Clou storage installations.
• BMS (Battery Management System) Battery Management System for managing and protecting battery packs within Clou energy storage systems.
• Smart Electricity Meter Series (State Grid, Southern Grid, Inner Mongolia) Smart electricity meters tailored for China's State Grid Corporation, Southern Power Grid, and Inner Mongolia regional utilities, including three-phase, single-phase, and IoT-enabled smart meter variants. Deployed across China and Belt and Road international markets.
• Power Consumption Information Collection System Systems for collecting and managing electricity consumption data from end-users, available for State Grid, Southern Grid, and Inner Mongolia regional variants.
• Intelligent Power Distribution Products Intelligent power distribution equipment including external circuit breakers, smart measurement switches, smart measurement circuit breakers, and residual current protectors sold to utility customers for grid modernization.

Quantifiable outcome

• 海丰火储联合调频项目稳定运行超9000次循环
• +2 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Two partnerships are on record, tiered minor.

• CES/KEM/OTEK (North America Partners)minorChannel Partner/ Reseller/ DistributorNorth American regional partners providing local sales and after-sales support for Clou energy storage products in the US market.
• Ingenova/Propmat (South America Partners)minorChannel Partner/ Reseller/ DistributorSouth American regional partners providing local sales and after-sales support for Clou products in the Latin American market.

Scale indicators8 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Sungrow Power Supply: Leading Chinese power conversion and energy storage systems integrator with a comparable full-stack PCS+BESS+C&I portfolio and strong global utility-scale presence; the closest direct competitor to Clou in grid-tied BESS systems integration.
• Pylontech: Chinese energy storage battery and C&I system supplier with strong residential and C&I footprint; competes with Clou's Aqua-E C&I line and has overlapping downstream distribution in Europe.
• Tesla Energy: Global BESS systems provider (Megapack, Powerwall) and a benchmark for full-stack storage software/hardware integration; competes in the same utility and C&I RFPs as Clou, especially in the US and Australia.
• Holley Technology: Chinese smart metering and energy IoT supplier with strong State Grid ties; directly comparable to Clou's electricity meter and power information collection system business.
• Wasion Group: Chinese smart metering and energy management equipment supplier serving State Grid and Southern Grid; a direct competitor to Clou's smart grid meter and AMI product line.
• Hithium Energy Storage: Chinese LFP cell and BESS system manufacturer targeting utility-scale and C&I segments; competes with Clou on both cells and integrated systems in China and overseas.
• Fluence Energy: Global pure-play BESS systems integrator (Siemens/AES JV heritage); closely comparable to Clou in targeting utility-scale and C&I customers with integrated software-defined storage assets.
• NARI Technology (NARI-Tianjiang / NR Electric): Chinese grid-equipment leader supplying State Grid and Southern Grid with EMS, SCADA, and BESS integration; competes directly with Clou in grid-side storage and smart-grid controls.

Broad incumbents

• BYD Energy Storage: Vertically integrated Chinese conglomerate with a large-scale BESS business using in-house LFP cells; competes head-to-head in utility and C&I storage tenders globally.
• CATL (Contemporary Amperex Technology): World's largest battery cell maker and an expanding provider of integrated BESS systems; competes with Clou on the system level and dominates the cell-side supply chain that Clou sources from.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Customer concentration

• LinkedInlinkedin.com/company/shenzhen-clou-electronics-co-ltd-

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries4 records

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Clou Electronics